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UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 410 $ 493
Trade receivables, net of allowance for credit losses 923 957
Miscellaneous receivables 282 320
Inventories 1,960 1,894
Other current assets 96 114
Total current assets 3,671 3,778
Properties    
Properties and equipment at cost 13,361 12,942
Less: Accumulated depreciation 7,959 7,782
Net properties 5,402 5,160
Goodwill 3,697 3,664
Intangible assets, net of accumulated amortization 1,180 1,210
Other noncurrent assets 821 855
Total assets 14,771 14,667
Current liabilities    
Payables and other current liabilities 1,943 2,125
Borrowings due within one year 844 1,126
Total current liabilities 2,787 3,251
Long-term borrowings 4,593 4,025
Deferred income tax liabilities 573 671
Post-employment obligations 622 628
Other long-term liabilities 844 856
Total liabilities $ 9,419 $ 9,431
Common stock, shares issued (in shares) 222,729,135 222,348,557
Common stock, par value (in dollars per share) $ 0.01  
Stockholders' equity    
Common stock ($0.01 par value – 350,000,000 shares authorized; shares issued – 222,729,135 and 222,348,557 as of June 30, 2023 and December 31, 2022, respectively) $ 2 $ 2
Additional paid-in capital 2,342 2,315
Retained earnings 9,190 8,973
Accumulated other comprehensive income (loss) (271) (205)
 Stockholder's Equity before Treasury Stock 11,263 11,085
Less: Treasury stock at cost (104,224,199 and 103,602,488 shares as of June 30, 2023 and December 31, 2022, respectively) 5,982 5,932
Total Eastman stockholders' equity 5,281 5,153
Noncontrolling interest 71 83
Total equity 5,352 5,236
Total liabilities and stockholders' equity $ 14,771 $ 14,667
Treasury stock at cost (in shares) 104,224,199 103,602,488
Common stock, shares authorized (in shares) 350,000,000